This is the Haven for those aspiring for success and those who wish to sustain the tempo of well being.
Wednesday 27 August 2014
The Winner In You: The Economic Impact of Ebola In West Africa
The Winner In You: The Economic Impact of Ebola In West Africa: Health is wealth ... Unknown I recently participated in the ALS ice bucket challenge over the weekend as I was challenged by my employ...
The Economic Impact of Ebola In West Africa
Health is wealth... Unknown
I recently participated in the ALS ice bucket challenge over the weekend as I was challenged by my employee (it also was his birthday).
After this exercise, a friend buzzed me up to ask why I am raising awareness to the ALS disease when the Ebola epidemic was not only ravaging West Africa but was having a serious economic impact.
Well after explaining that is was in honor of a birthday, in the spirit of fun & charity, I took out time to do a little research on the impact of the Ebola epidermic in West Africa.
Now the Ebola virus is not curable. The recent drug "Zmapp" is not 100% efficient and it is in its early test stages. This virus is only communicable in its severe state (fever-sweat, vomit, stool etc). It has recently infected over 2,000 victims out of which less than half have survived.
Several countries have closed its boarders to the West Africa infected areas - fact.
Several airlines have stopped flights to infected regions in West Africa - fact.
Even the government of infected countries have cordoned off high risk areas in their own country.
Food and medicine are in very short supply and people are not only starving but are dieing.
The economic implication of these actions are increased poverty, starvation, inability for foreign aid or Foreign Aid workers to move quickly or efficiently and an economic shut down of the highly infected West African states.
No doubt, Ebola virus is deadly and the level of deaths witnessed recently by this epidemic is quite alarming.
A certain doctor on CNN did say the secret to the cure of this disease may lie in the blood and anti-bodies that helped previous survivors recover. I think this is something Governments and Medical Research institutions need to look into and I think it is time we helped raise awareness towards the Ebola scourge and treatment.
So this is my way of raising awareness. When I come up with something similar to the ice bucket challenge & a research center to donate to, I will definitely let you know.
Thank you.
Mr David Chiaka
I recently participated in the ALS ice bucket challenge over the weekend as I was challenged by my employee (it also was his birthday).
After this exercise, a friend buzzed me up to ask why I am raising awareness to the ALS disease when the Ebola epidemic was not only ravaging West Africa but was having a serious economic impact.
Well after explaining that is was in honor of a birthday, in the spirit of fun & charity, I took out time to do a little research on the impact of the Ebola epidermic in West Africa.
Now the Ebola virus is not curable. The recent drug "Zmapp" is not 100% efficient and it is in its early test stages. This virus is only communicable in its severe state (fever-sweat, vomit, stool etc). It has recently infected over 2,000 victims out of which less than half have survived.
Several countries have closed its boarders to the West Africa infected areas - fact.
Several airlines have stopped flights to infected regions in West Africa - fact.
Even the government of infected countries have cordoned off high risk areas in their own country.
Food and medicine are in very short supply and people are not only starving but are dieing.
The economic implication of these actions are increased poverty, starvation, inability for foreign aid or Foreign Aid workers to move quickly or efficiently and an economic shut down of the highly infected West African states.
No doubt, Ebola virus is deadly and the level of deaths witnessed recently by this epidemic is quite alarming.
A certain doctor on CNN did say the secret to the cure of this disease may lie in the blood and anti-bodies that helped previous survivors recover. I think this is something Governments and Medical Research institutions need to look into and I think it is time we helped raise awareness towards the Ebola scourge and treatment.
So this is my way of raising awareness. When I come up with something similar to the ice bucket challenge & a research center to donate to, I will definitely let you know.
Thank you.
Mr David Chiaka
Friday 22 August 2014
The Winner In You: Run, Stop, Think,Then Run Again
The Winner In You: Run, Stop, Think,Then Run Again: "Use your number six"- Nigerian maxim The Nigerian business terrain is a truly tough one. It is very importa...
The Winner In You: Run, Stop, Think,Then Run Again
The Winner In You: Run, Stop, Think,Then Run Again: "Use your number six"- Nigerian maxim The Nigerian business terrain is a truly tough one. It is very importa...
Run, Stop, Think,Then Run Again
"Use your number six"- Nigerian maxim
The Nigerian business terrain is a truly tough one.
It is very important that you stick to the basic rules of business like having a clear agreement (proof read by your lawyer), discussing the risks in your business before embarking on them, monthly review meetings etc.
The rules of business are as many as the different scenarios that we face while doing it. I have always been a strong advocate for aspiring entrepreneurs to have work experiences before embarking on their quest for world domination.
There is such a thing as work ethics and there is such a thing as having the need to prove (or stand out from the crowd) in quest for the next promotion (in the office work place). These traits are very important.
Nigeria is a tough place and you have to continually “think out of the box” or your business aspirations will be relegated to the background. You must ask yourself: “what next? What more can I do?”
You cannot afford to be sleeping in bed by 8am when opportunity is knocking at your office or prospective clients are waiting for you to resume duties. I work 24/7. I and my team are just a phone call away, anytime, any day.
You cannot afford to be lackadaisical in your thinking when innovate ways of doing your type of business is available. Guess what, someone else will take the very market you think is yours.
In course of doing business lately, I had to forfeit a major Corporate client in the oil sector. I handled their business travel and it was a very good account but they were not willing to commit to a signed agreement.
As I processed their endless request, I had to re-assess my business and examine the risk involved.
These people were making me incur millions in un-paid ticket sales so I had to freeze further requests till the previous bill was settled and until we had a duely signed agreement. You see, a friend had referred me to this company but that didn't mean I had to be stupid.
Like my former MD would say “you cant have more money than you have brains”. Simply put, “use your number 6 (brains)”
Guess what! My bill was paid short of some thousands of naira and when I asked for the balance, the liaison said “I am even lucky the MD paid me”.
POW! That got my Spider sense tingling.
In summary, they refused to commit to an agreement and after several unsuccessful attempts to get me to purchase air tickets for them, they threw in the towel and abandoned ship. The risk variables were enormous. What if I don't get paid? How can I seek legal redress without a binding agreement? ETC. Better safe than sorry.
So take my advise, assess risks as you do your business as an entrepreneur. Your business is as big as you can envision it to be.
So till we meet again, keep winning.
Mr David Chiaka
Twitter: @MrChiaka
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